Bizdata Insights Main Logo

BizData Insights

Foreign Airlines Eye Promising Bangladesh Aviation Market

Industry: Aviation, Logistics & Shipping

At least eight foreign airlines have shown keen interest in entering the lucrative Bangladesh aviation market, indicating promising business opportunities. The number of foreign airlines operating in Bangladesh is expected to exceed 40, up from the current 33, with the anticipated launch of the third terminal at Dhaka airport in October. While this expansion may lead to potential reductions in ticket prices on various routes, concerns have been raised regarding the outflow of foreign currency from Bangladesh, particularly amidst the ongoing dollar crisis. To retain foreign currency within the country and ensure market competitiveness, experts suggest enhancing the capacity of local airlines by expanding their routes and fleets, as well as allowing the entry of more domestic carriers. The Civil Aviation Authority of Bangladesh (CAAB) has already granted permission to Egypt Air and Ethiopian Airlines to operate flights from Bangladesh, while discussions are underway with other airlines, including Wizz Air. The introduction of new airlines will further enhance connectivity and boost travel options for passengers. However, the limited capacity of airports remains a concern for local carriers, who stress the need to address infrastructure constraints.

Source for more details:

Related News

MRT-5 Asia’s Priciest Metro at Tk 3,175 Crore per Kilometer

April 24, 2024

Bangladesh's MRT-5 (Southern) project is set to become Asia's most expensive metro, costing over Tk 3,175 crore per kilometer. The project's total cost is estimated at Tk 54,619 crore for a 17.2-kilometer route. Despite objections from the Planning Commission due to high costs in various sectors, the project is in its final approval stage.

Airlines Oppose Adjustment of Jet Fuel Price Under New BPC Formula

April 22, 2024

A new initiative by the Bangladesh Petroleum Corporation (BPC) to adjust jet fuel prices monthly using a new formula won't benefit airlines, according to industry insiders. The formula includes the Platts Asia Pacific/Arab Gulf (APAG) Marketscan rate for the preceding month along with other expenses like premiums, lighterage, and financing charges.

CTG Port Sees 7.12% Decrease in Ship Arrivals

April 21, 2024

The Chattogram Port has witnessed a surge in container and cargo handling despite a decrease in ship arrivals. In the first nine months of the fiscal year 2023-2024, 3,001 commercial ships docked at the port, 7.12% fewer than the previous year. However, container handling increased by 7.64%, and cargo handling rose by 4.20%.

BIWTA’s Tk 13.197B Project Sees 40% Cost Increase in Second Revision

April 17, 2024

The Bangladesh Inland Water Transport Authority (BIWTA) has proposed a second revision to its Tk 13.197 billion project aimed at procuring 43 ships and constructing two slipways. Delays and design changes, including alterations to 20 ships midway through the project, have escalated costs by 40% and extended the completion deadline by three and a half years.

BR Conducts Study on Infrastructural Relocation at Kamalapur Rail Station

April 17, 2024

Bangladesh Railway (BR) is conducting a study to relocate infrastructures from Kamalapur Rail Station for its multimodal transport hub (MmTH). The project, aiming to start construction by 2030, requires rebuilding the station and relocating facilities like the inland container depot.

NBR Mandates Electronic Lock and Seal for Transit Goods

April 16, 2024

A regulation requiring an electronic lock and seal for transit and transshipment commodities passing via the ports of Chattogram and Mongla to India was released by the National Board of Revenue (NBR). Utilizing the GPS system, e-tracking would be carried out to guarantee the precision of imported products' transportation from ports to destinations.

Related News

MRT-5 Asia’s Priciest Metro at Tk 3,175 Crore per Kilometer

April 24, 2024

Bangladesh's MRT-5 (Southern) project is set to become Asia's most expensive metro, costing over Tk 3,175 crore per kilometer. The project's total cost is estimated at Tk 54,619 crore for a 17.2-kilometer route. Despite objections from the Planning Commission due to high costs in various sectors, the project is in its final approval stage.

Airlines Oppose Adjustment of Jet Fuel Price Under New BPC Formula

April 22, 2024

A new initiative by the Bangladesh Petroleum Corporation (BPC) to adjust jet fuel prices monthly using a new formula won't benefit airlines, according to industry insiders. The formula includes the Platts Asia Pacific/Arab Gulf (APAG) Marketscan rate for the preceding month along with other expenses like premiums, lighterage, and financing charges.

CTG Port Sees 7.12% Decrease in Ship Arrivals

April 21, 2024

The Chattogram Port has witnessed a surge in container and cargo handling despite a decrease in ship arrivals. In the first nine months of the fiscal year 2023-2024, 3,001 commercial ships docked at the port, 7.12% fewer than the previous year. However, container handling increased by 7.64%, and cargo handling rose by 4.20%.

BIWTA’s Tk 13.197B Project Sees 40% Cost Increase in Second Revision

April 17, 2024

The Bangladesh Inland Water Transport Authority (BIWTA) has proposed a second revision to its Tk 13.197 billion project aimed at procuring 43 ships and constructing two slipways. Delays and design changes, including alterations to 20 ships midway through the project, have escalated costs by 40% and extended the completion deadline by three and a half years.

BR Conducts Study on Infrastructural Relocation at Kamalapur Rail Station

April 17, 2024

Bangladesh Railway (BR) is conducting a study to relocate infrastructures from Kamalapur Rail Station for its multimodal transport hub (MmTH). The project, aiming to start construction by 2030, requires rebuilding the station and relocating facilities like the inland container depot.

NBR Mandates Electronic Lock and Seal for Transit Goods

April 16, 2024

A regulation requiring an electronic lock and seal for transit and transshipment commodities passing via the ports of Chattogram and Mongla to India was released by the National Board of Revenue (NBR). Utilizing the GPS system, e-tracking would be carried out to guarantee the precision of imported products' transportation from ports to destinations.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here